May 3, 2018 / 5:05 PM / 5 months ago

BRIEF-Gibson Brands Receives Approval Of First Day Motions

May 3 (Reuters) - Gibson Brands Inc:

* GIBSON BRANDS RECEIVES APPROVAL OF FIRST DAY MOTIONS; APPROVALS ENSURE OPERATIONS CONTINUE NORMALLY

* IN ADDITION, COURT AUTHORIZED COMPANY’S $135 MILLION DEBTOR-IN-POSSESSION FINANCING

* COURT APPROVED CO’S ABILITY TO CONTINUE PAYING EMPLOYEE WAGES & BENEFITS & MAINTAIN ALL CUSTOMER WARRANTY POLICIES

* WITH MAJORITY NOTEHOLDERS SUPPORT ON RESTRUCTURING SUPPORT AGREEMENT, PLAN TERM SHEET, CO SEES PRE-NEGOTIATED PROCESS COMPLETION BY Q4 Source text for Eikon: Further company coverage:

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